Credit mobilization capital reaches VND 105 trillion

12/04/2019 09:01

(BNP) - Since the beginning of the year, the banking sector has directed commercial banks and credit institutions in the province to continue implementing solutions to improve credit quality and banking services, especially increasing access to credit for businesses and people to contribute to preventing and repelling black credit.

Customers withdraw cash at ATM of Vietcombank Bank.

With the aim of securing capital for credit, some banks have raised deposit rates in VND from 0.1-0.2% in terms of 6-12 months and over 12 months, so mobilized capital keep increasing. Total capital mobilized by the end of March was estimated at VND 105 trillion, up 4.5% over the previous month, up 16.1% year-on-year, and up 5.9% compared to the end of 2018.

Total outstanding loans by the end of March were roughly calculated at VND 80.8 trillion, increasing by 14.4% over the same period last year and up 0.3% compared to the end of 2018. For bad debts, the State bank directed banks synchronously deploying a combination of solutions to handle and recover bad debts and prevent newly arising. By the end of March 2019, bad debt in the province was VND 770 billion, accounting for 0.95% of total outstanding loans.

In general, the total cash income in the first quarter was estimated at VND 120.1 trillion and cash expenditure reached VND 119.7 trillion, the cash bumper was estimated at VND 400 billion, higher than the VND 300 billion of the first quarter 2018. Banks continue to expand payroll services through accounts, with 2,437 units (including 830 units receiving salaries from the state budget); issued 831,853 ATM cards; installed and operated 1,835 POS machines with the number of POS payment transactions in the first quarter reaching 213,791 items with sales of VND 540 billion.